diff --git a/src/chainparams.cpp b/src/chainparams.cpp
index f73fe299b8c68..4f666c79167a2 100644
--- a/src/chainparams.cpp
+++ b/src/chainparams.cpp
@@ -151,7 +151,7 @@ class CMainParams : public CChainParams {
         multi_data_permitted = false;
         consensus.has_parent_chain = false;
         g_signed_blocks = false;
-        g_con_elementswitness = false;
+        g_con_elementsmode = false;
         g_con_blockheightinheader = false;
 
         /**
@@ -277,7 +277,7 @@ class CTestNetParams : public CChainParams {
         multi_data_permitted = false;
         consensus.has_parent_chain = false;
         g_signed_blocks = false;
-        g_con_elementswitness = false;
+        g_con_elementsmode = false;
         g_con_blockheightinheader = false;
 
         pchMessageStart[0] = 0x0b;
@@ -378,7 +378,7 @@ class CRegTestParams : public CChainParams {
         multi_data_permitted = false;
         consensus.has_parent_chain = false;
         g_signed_blocks = false;
-        g_con_elementswitness = false;
+        g_con_elementsmode = false;
         g_con_blockheightinheader = false;
 
         pchMessageStart[0] = 0xfa;
@@ -543,7 +543,7 @@ class CCustomParams : public CRegTestParams {
         // Note: These globals are needed to avoid circular dependencies.
         // Default to true for custom chains.
         g_con_blockheightinheader = args.GetBoolArg("-con_blockheightinheader", true);
-        g_con_elementswitness = args.GetBoolArg("-con_elementswitness", true);
+        g_con_elementsmode = args.GetBoolArg("-con_elementsmode", true);
 
         // No subsidy for custom chains by default
         consensus.genesis_subsidy = args.GetArg("-con_blocksubsidy", 0);
@@ -591,7 +591,7 @@ class CCustomParams : public CRegTestParams {
         GenerateAssetEntropy(entropy,  COutPoint(uint256(commit), 0), parentGenesisBlockHash);
 
         // Elements serialization uses derivation, bitcoin serialization uses 0x00
-        if (g_con_elementswitness) {
+        if (g_con_elementsmode) {
             CalculateAsset(consensus.pegged_asset, entropy);
         } else {
             assert(consensus.pegged_asset == CAsset());
@@ -712,7 +712,7 @@ class CLiquidV1Params : public CChainParams {
         g_signed_blocks = true;
 
         g_con_blockheightinheader = true;
-        g_con_elementswitness = true;
+        g_con_elementsmode = true;
 
         consensus.genesis_subsidy = 0;
 
@@ -750,7 +750,7 @@ class CLiquidV1Params : public CChainParams {
         GenerateAssetEntropy(entropy,  COutPoint(uint256(commit), 0), parentGenesisBlockHash);
 
         // Elements serialization uses derivation, bitcoin serialization uses 0x00
-        if (g_con_elementswitness) {
+        if (g_con_elementsmode) {
             CalculateAsset(consensus.pegged_asset, entropy);
         } else {
             assert(consensus.pegged_asset == CAsset());
diff --git a/src/chainparamsbase.cpp b/src/chainparamsbase.cpp
index 26510ea95f46d..bbaf9bdb9b2bc 100644
--- a/src/chainparamsbase.cpp
+++ b/src/chainparamsbase.cpp
@@ -27,7 +27,7 @@ void SetupChainParamsBaseOptions()
     gArgs.AddArg("-con_mandatorycoinbase", "All non-zero valued coinbase outputs must go to this scriptPubKey, if set.", false, OptionsCategory::ELEMENTS);
     gArgs.AddArg("-con_blocksubsidy", "Defines the amount of block subsidy to start with, at genesis block.", false, OptionsCategory::ELEMENTS);
     gArgs.AddArg("-con_connect_coinbase", "Connect outputs in genesis block to utxo database.", false, OptionsCategory::ELEMENTS);
-    gArgs.AddArg("-con_elementswitness", "Use Elements-like instead of Core-like witness encoding.  This is required for CA/CT. (default: true)", false, OptionsCategory::ELEMENTS);
+    gArgs.AddArg("-con_elementsmode", "Use Elements-like instead of Core-like witness encoding.  This is required for CA/CT. (default: true)", false, OptionsCategory::ELEMENTS);
     gArgs.AddArg("-con_blockheightinheader", "Whether the chain includes the block height directly in the header, for easier validation of block height in low-resource environments. (default: true)", false, OptionsCategory::CHAINPARAMS);
     gArgs.AddArg("-con_genesis_style=<style>", "Use genesis style <style> (default: elements). Results in genesis block compatibility with various networks. Allowed values: elements, bitcoin", true, OptionsCategory::ELEMENTS);
     gArgs.AddArg("-con_signed_blocks", "Signed blockchain. Uses input of `-signblockscript` to define what signatures are necessary to solve it.", false, OptionsCategory::CHAINPARAMS);
diff --git a/src/consensus/merkle.cpp b/src/consensus/merkle.cpp
index 4d7df48f242a0..febeef938c931 100644
--- a/src/consensus/merkle.cpp
+++ b/src/consensus/merkle.cpp
@@ -79,7 +79,7 @@ uint256 BlockWitnessMerkleRoot(const CBlock& block, bool* mutated)
     leaves.resize(block.vtx.size());
     leaves[0].SetNull(); // The witness hash of the coinbase is 0.
     for (size_t s = 1; s < block.vtx.size(); s++) {
-        if (g_con_elementswitness) {
+        if (g_con_elementsmode) {
             leaves[s] = block.vtx[s]->GetWitnessOnlyHash();
         } else {
             leaves[s] = block.vtx[s]->GetWitnessHash();
diff --git a/src/consensus/validation.h b/src/consensus/validation.h
index 8c1fa5cdbb478..8d244ee823a3f 100644
--- a/src/consensus/validation.h
+++ b/src/consensus/validation.h
@@ -108,7 +108,7 @@ static inline int64_t GetTransactionInputWeight(const CTransaction& tx, const si
 {
     // scriptWitness size is added here because witnesses and txins are split up in segwit serialization.
     assert(tx.witness.vtxinwit.size() > nIn);
-    //TODO(rebase) only count CA/CT witnesses when g_con_elementswitness is true
+    //TODO(rebase) only count CA/CT witnesses when g_con_elementsmode is true
     return ::GetSerializeSize(tx.vin[nIn], PROTOCOL_VERSION | SERIALIZE_TRANSACTION_NO_WITNESS) * (WITNESS_SCALE_FACTOR - 1)
     + ::GetSerializeSize(tx.vin[nIn], PROTOCOL_VERSION)
     + ::GetSerializeSize(tx.witness.vtxinwit[nIn].scriptWitness.stack, PROTOCOL_VERSION)
diff --git a/src/core_write.cpp b/src/core_write.cpp
index c48130ecde03f..f09472e61ba9b 100644
--- a/src/core_write.cpp
+++ b/src/core_write.cpp
@@ -200,7 +200,7 @@ void TxToUniv(const CTransaction& tx, const uint256& hashBlock, UniValue& entry,
 {
     entry.pushKV("txid", tx.GetHash().GetHex());
     entry.pushKV("hash", tx.GetWitnessHash().GetHex());
-    if (g_con_elementswitness) {
+    if (g_con_elementsmode) {
         entry.pushKV("wtxid", tx.GetWitnessHash().GetHex());
         entry.pushKV("withash", tx.GetWitnessOnlyHash().GetHex());
     }
diff --git a/src/init.cpp b/src/init.cpp
index 5be453e88f342..10a8f6319149e 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -513,7 +513,7 @@ void SetupServerArgs()
     gArgs.AddArg("-blech32_hrp", strprintf("The human-readable part of the chain's blech32 encoding. Used in confidential addresses.(default: %s)", defaultChainParams->Blech32HRP()), false, OptionsCategory::CHAINPARAMS);
     gArgs.AddArg("-assetdir", "Entries of pet names of assets, in this format:asset=<hex>:<label>. There can be any number of entries.", false, OptionsCategory::ELEMENTS);
     gArgs.AddArg("-defaultpeggedassetname", "Default name of the pegged asset. (default: bitcoin)", false, OptionsCategory::ELEMENTS);
-    gArgs.AddArg("-blindedaddresses", "Give blind addresses by default via getnewaddress and getrawchangeaddress. (default: -con_elementswitness value)", false, OptionsCategory::ELEMENTS);
+    gArgs.AddArg("-blindedaddresses", "Give blind addresses by default via getnewaddress and getrawchangeaddress. (default: -con_elementsmode value)", false, OptionsCategory::ELEMENTS);
 
 #if HAVE_DECL_DAEMON
     gArgs.AddArg("-daemon", "Run in the background as a daemon and accept commands", false, OptionsCategory::OPTIONS);
diff --git a/src/primitives/confidential.h b/src/primitives/confidential.h
index b404f84a3d01e..2544754d8f89f 100644
--- a/src/primitives/confidential.h
+++ b/src/primitives/confidential.h
@@ -10,7 +10,7 @@
 #include <uint256.h>
 #include <utilstrencodings.h>
 
-extern bool g_con_elementswitness;
+extern bool g_con_elementsmode;
 
 /**
  * Confidential assets, values, and nonces all share enough code in common
@@ -104,7 +104,7 @@ class CConfidentialAsset : public CConfidentialCommitment<33, 10, 11>
         vchCommitment.clear();
 
         // Set to dummy asset when not doing CA.
-        if (!g_con_elementswitness) {
+        if (!g_con_elementsmode) {
             SetToAsset(CAsset());
         }
     }
@@ -133,7 +133,7 @@ class CConfidentialValue : public CConfidentialCommitment<9, 8, 9>
      * a 64-bit big-endian integer. */
     CAmount GetAmount() const
     {
-        if (!g_con_elementswitness && IsNull()) {
+        if (!g_con_elementsmode && IsNull()) {
             return -1;
         }
 
diff --git a/src/primitives/transaction.cpp b/src/primitives/transaction.cpp
index e22803e19f45e..7df15921297a9 100644
--- a/src/primitives/transaction.cpp
+++ b/src/primitives/transaction.cpp
@@ -9,7 +9,7 @@
 #include <tinyformat.h>
 #include <utilstrencodings.h>
 
-bool g_con_elementswitness = false;
+bool g_con_elementsmode = false;
 
 std::string COutPoint::ToString() const
 {
@@ -83,7 +83,7 @@ uint256 CTransaction::ComputeWitnessHash() const
 // ELEMENTS ONLY
 uint256 CTransaction::GetWitnessOnlyHash() const
 {
-    assert(g_con_elementswitness);
+    assert(g_con_elementsmode);
 
     std::vector<uint256> leaves;
     leaves.reserve(std::max(vin.size(), vout.size()));
diff --git a/src/primitives/transaction.h b/src/primitives/transaction.h
index 60797c43249d1..75546573f4502 100644
--- a/src/primitives/transaction.h
+++ b/src/primitives/transaction.h
@@ -18,7 +18,7 @@ static const int SERIALIZE_TRANSACTION_NO_WITNESS = 0x40000000;
 
 // ELEMENTS:
 // Globals to avoid circular dependencies.
-extern bool g_con_elementswitness;
+extern bool g_con_elementsmode;
 
 /** An outpoint - a combination of a transaction hash and an index n into its vout */
 class COutPoint
@@ -310,7 +310,7 @@ inline void UnserializeTransaction(TxType& tx, Stream& s) {
 
     // Witness serialization is different between Elements and Core.
     // See code comments in SerializeTransaction for details about the differences.
-    if (g_con_elementswitness) {
+    if (g_con_elementsmode) {
         s >> flags;
         s >> tx.vin;
         s >> tx.vout;
@@ -378,7 +378,7 @@ inline void SerializeTransaction(const TxType& tx, Stream& s) {
     }
 
     // Witness serialization is different between Elements and Core.
-    if (g_con_elementswitness) {
+    if (g_con_elementsmode) {
         // In Elements-style serialization, all normal data is serialized first and the
         // witnesses all in the end.
         s << flags;
diff --git a/src/wallet/rpcwallet.cpp b/src/wallet/rpcwallet.cpp
index 6232a9c351824..204826f733095 100644
--- a/src/wallet/rpcwallet.cpp
+++ b/src/wallet/rpcwallet.cpp
@@ -203,7 +203,7 @@ static UniValue getnewaddress(const JSONRPCRequest& request)
     }
     pwallet->LearnRelatedScripts(newKey, output_type);
     CTxDestination dest = GetDestinationForKey(newKey, output_type);
-    if (g_con_elementswitness) {
+    if (g_con_elementsmode) {
         CPubKey blinding_pubkey = pwallet->GetBlindingPubKey(GetScriptForDestination(dest));
         dest = GetDestinationForKey(newKey, output_type, blinding_pubkey);
     }
@@ -262,7 +262,7 @@ static UniValue getrawchangeaddress(const JSONRPCRequest& request)
 
     pwallet->LearnRelatedScripts(vchPubKey, output_type);
     CTxDestination dest = GetDestinationForKey(vchPubKey, output_type);
-    if (g_con_elementswitness) {
+    if (g_con_elementsmode) {
         CPubKey blinding_pubkey = pwallet->GetBlindingPubKey(GetScriptForDestination(dest));
         dest = GetDestinationForKey(vchPubKey, output_type, blinding_pubkey);
     }
diff --git a/test/bitcoin_functional/functional/test_framework/util.py b/test/bitcoin_functional/functional/test_framework/util.py
index 3d4c3e471cc29..9631fe9c184ca 100644
--- a/test/bitcoin_functional/functional/test_framework/util.py
+++ b/test/bitcoin_functional/functional/test_framework/util.py
@@ -307,7 +307,7 @@ def initialize_datadir(dirname, n, chain):
         f.write("con_connect_coinbase=0\n")
         f.write("anyonecanspendaremine=0\n")
         f.write("con_blockheightinheader=0\n")
-        f.write("con_elementswitness=0\n")
+        f.write("con_elementsmode=0\n")
         f.write("con_signed_blocks=0\n")
         f.write("multi_data_permitted=0\n")
         f.write("walletrbf=0\n") # Default is 1 in Elements